Loan Officer Exam
We have prepared a comprehensive Loan Officer Certification Exam to ensure you have mastered the essential skills and knowledge required to be a loan officer. This exam will cover all the topics discussed in the lessons, including how to approve loans and look for client details.
Exam Details:
- Time Limit: You have 45 minutes to complete the exam.
- Passing Score: A score of 80% or higher is required.
- Questions: The exam consists of 10 questions.
- Aids for the exam: You can use CAMS and the course information.
Best of luck on your exam. We look forward to certifying your proficiency as a skilled and knowledgeable Loan Officer!
Loan Officer Exam
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Question 1 of 11
1. Question
1 point(s)Where can one check to access the insurance details of a given specific loan?
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Question 2 of 11
2. Question
1 point(s)How can the loan officer assess or check for a specific client’s information on previously taken loans only?
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Question 3 of 11
3. Question
2 point(s)For loans that need to have charges paid at the application stage, instead of the “Approve” button, the available button is labelled;
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Question 4 of 11
4. Question
1 point(s)The loan officer can access some of the functions listed below. Choose one of the options from the list that the Loan Officer cannot access on default.
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Question 5 of 11
5. Question
1 point(s)Assessing or qualifying a client by adding/verifying details like income, residence, and assets can be executed by a loan officer when they click;
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Question 6 of 11
6. Question
1 point(s)An admin might need an OTP or PIN when disbursing a loan to a member using which modes of payment in CAMS?
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Question 7 of 11
7. Question
1 point(s)The destination type under Destination Payment Detail section in loan application is where the ____________________.
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Question 8 of 11
8. Question
1 point(s)There are two ways to add charges onto loans. These may include;
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Question 9 of 11
9. Question
1 point(s)Loan officers are expected to have utmost knowledge of the following in CAMS except;
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Question 10 of 11
10. Question
1 point(s)For a client who is applying for a loan, these are some of the products or qualities they could have to successfully be granted a loan in the SACCO or MFI using CAMS, except;
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Question 11 of 11
11. Question
1 point(s)As a loan officer, what is the fastest way to follow up on the several different standing of all loans and applications in the IFG (SACCO/MFI) you belong to?
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